New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-01-24

Smaller movements all the speculative markets OF tho
compare unfayoraby with those Of the corresponding
week of ss6 but ~ compared with the week Of 1888
they show an incccasc Of s2OG.OOooOo
The bank exchanges at the New York Clearing House
ana the stock sold nj the Newiork stock Exchange for
the weeks Of three years compare rs follows:
Week cnding-Jan o. 1855. Jan 23 1856 Jan. 20 1851.
20 .iafss sold ii730iG 2.JlGI>3 l.9976l5
The local money market ruled steady as per cent,
with extreme exceptions AT GAG per cent. limo loans
were offered more pcniiuy at di2 per cent and good
mercantile paper readily 1nds sale ri 5Q6 per cent.
Money ia returning from the country In fair amounts and
there is nothing TO indicate that 1t will not continue to do
ment OF gold from Europe has ceaseC for the
present and II Is not impossible bio. mat a
The experience the last few years has shown the
ment OF money from We.t 10 East ana from Easto west
ING the Spring and early summer and West during the
autumn and early winter months. The volume Of the
m IatNy has has seldom failed that at The
period the West was making heavy drafts upon u.s.
c have bccn Importing gold and nt the time when the
Ncst il returning money We are most likely 10 he export
ng gold. In small II not large anouhts WIN the con
seems probable that little gold VIII bo sent away
during the coming spring, and hat there VIII not
be a repetition OF tho opportunity for an attempt
10 get up a scare over gold exports, such was NJ
tempted year ago The Bank OF ENGLAND a't week
ton of s reserve TO it, liabilities 37l6 per cent to
Al ZIG per cent which ratio IL 1910 per cent greater
than that Of year ago. when the banksrato for discount
Ut whereas now II Il ner cent: bnt the omen
market rate 3ia cent against 2i2 per cent
year ago The foreign exchanges ruled dull throughout
Tho week but they wero characterized by firm tone ;
the demand snch as there was. ran principally for SIXTY
day bills nm indication that the rmness IN the market
is due 10 legitimate demand from importers OF merchai
disc. - 49,, . 4,
describing satisfactory movements and prices during last
week some enthusiastic o9cr the conditions and
large receipts which despite the continued export move
ment hold the visible supply OF wheat above
S sor ;Se week amounted to 1889 bales
against IO7, 9O3 bales for the corresponding week
for The current year 2,sI72i0 bales 422220 more
bales than for the same period OF the preceding year
~ the on repeated statement that the full capacities are
employed and that prices are satisfactorily remunerH'e
10 makers and rot burdensonc 81 consumers.
The last was dull week at the stock Exchange ana
the markets did little more than record TIE fluctuations
OF a purely local speculation. Government bonds "ee
ouie bnt the bids the Is and 4s were advanced "a
X per cent. In State bonds there were moderate dea
ferrcd being specially prominent Railroad bonds were
in quiet demand. ana generally strong; t vmv
showing some irregularities; Columbus Hooking aaey
and Toledo bonds declined sharply because OF arbor VI
"a heavy dcfnlcation In the company 81,
The business done In shares was largely made up Oh
and carriers contributed over 100000 shares TO
tho weeks total business OF l.9D7,6l5 shares Cen,
ora, or per cent? H PhadeIpha and Reading, after
selling up 3ie per cent, hnnl advance OF per ceIt
Delaware, Lackawanna aud Western n final gain OF -
per cent, and Delaware and Hudson loss OF - PEI
cent Yet II was the Delaware and Hudson COMPANY
which continued TO move its coal In greater or less lun
titles every day during the last two weeks strike OF VIC
coalheavcrs Richmond and West Point W me
2sOOsO shares to the weeks business. Early III ,"o
week it the strong stock OF the ma
ket aud rse to 3d. but IL - .,h a The
evident that the announced certainty Of the deal WIN
owners the East Tennessee. Virginia and GeorSm
preferred stock afforded AN opportunity Tor eohs ~
pei sons connected with the transfer To make Ill.,
marketing Of tbs West Point stock. and the price aecn
Asa At about that igtirc there were sons The
that the Insiders again picking the stock uI. for
East Tennessee Virginia and Georgia rst to,o
900 shares of which the Ricliiohu anu ssh and
Company las agreed pay about per cent III css aud
10000 shares OF rs own Stock declined oa per cent
ciscd nj ~ The general market has had 10 cou'chhe
,niu.t MANY adverse rnInorci inhncnces ~
nec tha, tho Interstate Commerce biu passe. cto
liousc - Representative pJ ~ '"Abs